571 Fairview Avenue

Los Angeles, CA 90033

  • 1 Bed(s)
  • 0 Bath(s)
  • 12,006 Sqft
  • 16879
    Sqft(Lot)
$6,150,000

Description

This 38-unit apartment building offers significant upside through interior and exterior renovations. with rents below market and many units in original condition, a strategic value add approach can unlock immediate equity and long-term rental growth in one of la's most culturally rich and rapidly evolving neighborhoods. located within a designated opportunity zone, this asset presents substantial tax incentive potential for investors. qualified buyers can defer or reduce capital gains taxes by reinvesting in this property, enhancing both short-term profitability and long-term financial planning. the building offers the unique ability to be repositioned as an affordable housing asset. this strategy may qualify the buyer for property tax abatements, reducing operating expenses while meeting a critical housing need in los angeles. buyer to verify program eligibility and guidelines. positioned just one mile from downtown la, this is the closest you can be in boyle heights to the city's urban core. the property benefits from the convenience, employment, and amenities of downtown while maintaining the charm and character of a residential enclave. twelve of the units enjoy breathtaking, unobstructed views of the downtown los angeles skyline. these desirable outlooks are a premium feature that adds instant appeal for renters seeking an elevated living experience, setting the property apart from competing assets. centrally located between the usc medical center and white memorial hospital, this building is ideally situated to attract healthcare professionals, students, and staff. the surrounding medical infrastructure continues to grow, providing stable rental demand and strong tenant demographics. the property includes valuable onsite parking, a significant advantage in a high-density urban environment. this convenience enhances tenant satisfaction and broadens your potential renter pool, especially among professionals and commuters.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49707912

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Property Details

  • Bedroom Information

    • Total Bedrooms : 1

    Bathroom Information

    • Total Baths: 38
    • Full Baths: 0
    • Half Baths: 0

  • Building Information

    • Year Built: 1964
    • Building Area Total: 12,006

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.3875
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 16879

  • Listing Price Information

    • Original List Price: 6,150,000
    • Listing Contract Date: 2025-05-12

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 5174011022

  • Garage and Parking

    • Attached Garage: Yes

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: BOYH - Boyle Heights
    • Directions: Turn right onto Bridge Street from Cesar Chavez.
    • Zoning: LAR3
    • Source Property Type: Residential Income
    • Area: BOYH - Boyle Heights

    Building and Construction

    • Property Age: 61
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 12006
    • Levels or Stories: Three Or More
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BuyOwner last updated this listing 05/22/2025 @ 08:08

  • MLS: 25537377
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 1 bedrooms which is for sale, it has 12,006 sqft, 16,879 sized lot, and 0 parking. are nearby neighborhoods.